The bank also believes there are fewer imminent risks
facing the
global and Canadian economies, although the speed
of the
slowdown in Canada's previously hot housing market could become a new challenge.
Last week, Sony forecast that its earnings will fall as a result, and other Japanese companies
face a similar squeeze in sales, not only from rising yen / dollar prices but from the
global slowdown resulting from two decades
of pro-financial anti-labor economic policies.